The proverbial 800-pound gorilla has spoken. Novartis Institutes of BioMedical Research, the Cambridge, MA-based R&D unit of Swiss drug giant Novartis, has asserted itself in a lawsuit concerning rights to potentially game-changing drugs for lung cancer discovered at Dana-Farber Cancer Institute in Boston. Novartis filed a counterclaim on November 19 in U.S. District Court in … Continue reading “Novartis Takes Aim at Bay-Area Biotech with Dana-Farber Roots in Legal Battle Over Potential Lung Cancer Drugs”
Grid2Home Raises $400,000
San Diego-based Grid2Home, which was founded last year to develop specialized software for two-way data communications in “Smart Grid” applications, has raised $400,000 of a targeted $500,000 round of securities, according to a recent regulatory filing. Grid2Home announced in September that it had completed an undisclosed round of seed funding led by Granite Ventures. The … Continue reading “Grid2Home Raises $400,000”
Optimer Seeks Fast Review of Drug for Intestinal Infection, Histogen Raises $10M, TSRI Shares its “Click” Chemistry in Deal with Massachusetts Biotech, & More San Diego Life Sciences News
The Thanksgiving holiday helped to keep activity in San Diego’s life science companies at minimum levels over the past week. Still, what we picked up was interesting reading. Judge for yourself. —San Diego’s Optimer Pharmaceuticals (NASDAQ: [[ticker:OPTR]]) filed a new drug application with the FDA for fidaxomicin, the drug it developed to treat patients with … Continue reading “Optimer Seeks Fast Review of Drug for Intestinal Infection, Histogen Raises $10M, TSRI Shares its “Click” Chemistry in Deal with Massachusetts Biotech, & More San Diego Life Sciences News”
Verdezyne Raises $6.3M
Carlsbad, CA-based Verdezyne, which is developing gene libraries for use in industrial biology, has raised $6.3 million of a targeted $15 million equity round, according to a recent regulatory filing. The company, which secured $9 million toward a $15 million round in February, declined to comment, so it’s unclear whether the latest funding represents additional … Continue reading “Verdezyne Raises $6.3M”
GM Ventures Aims to Ensure Parent’s Future By Investing in the Best Automotive Startups: Q&A With President Jon Lauckner
In early July, General Motors announced the creation of its own venture capital arm, General Motors Ventures. The $100 million fund was set up, GM said, to identify and help develop and bring to market innovative automotive technologies. To date, the fund has made just two investments, but more are on the way (read on). … Continue reading “GM Ventures Aims to Ensure Parent’s Future By Investing in the Best Automotive Startups: Q&A With President Jon Lauckner”
Sage Science Secures $2,016,950 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=68eb5d35-2aee-44da-bf34-2700237b6566&Preview=1 Date 12/2/2010 Company Name Sage Science Mailing Address 32 Tozer Road Beverly, MA 01915 Company Description Sage Science develops and manufactures convergent instrumentation and consumable products which we sell directly to scientists and through bioscience tools suppliers. We seek to consolidate labor and new engineering and chemistry technologies to create new … Continue reading “Sage Science Secures $2,016,950 New Funding”
Merck & Co. Acquires SmartCells for $500,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=66f2e3aa-9907-49f3-a4ea-382af9e61299&Preview=1 Date 12/2/2010 Company Name SmartCells Mailing Address 100 Cummings Center Beverly, MA 01915 Company Description SmartInsulin consists of a layered, biocompatible and biodegradable polymer-therapeutic that is bound to an engineered glucose-binding molecule. Insulin is released from SmartInsulin only when the therapeutic is unbound by the presence of a specific glucose concentration. … Continue reading “Merck & Co. Acquires SmartCells for $500,000,000”
Strobe Secures $2,500,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4c9c7c58-6a8d-4ad2-9451-ee2b7bb28412&Preview=1 Date 12/2/2010 Company Name Strobe Mailing Address Undisclosed Undisclosed, CA 94300 Company Description The company aims to help developers code mobile applications with the SproutCore framework. Website http://www.strobecorp.com Transaction Type Venture Equity Transaction Amount $2,500,000 Transaction Round Series A Proceeds Purposes The company will use the new funds to hire more … Continue reading “Strobe Secures $2,500,000 Series A Financing”
Motorola Acquires 4Home for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e283bb9e-c889-4874-942f-55fd3ba58fe6&Preview=1 Date 12/2/2010 Company Name 4Home Mailing Address 455 W. Maude Sunnyvale, CA 94085 Company Description 4Home’s platform allows for optimization to meet each partner’s needs by including a full SDK for creating custom User Interfaces, modular design architecture, hardware independence, design using open standards when possible, support for most communication standards, … Continue reading “Motorola Acquires 4Home for Undisclosed Sum”
eBay Acquires Milo.com for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=96edc0e1-0ce9-413e-bec9-3ba6829600d5&Preview=1 Date 12/2/2010 Company Name Milo.com Mailing Address 165 University Avenue Palo Alto, CA 94301 Company Description Milo searches the shelves of your local stores in real-time to find the best price and availability for the products you want to have. Website http://www.milo.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds … Continue reading “eBay Acquires Milo.com for Undisclosed Sum”
Betterment Receives $3,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e98e3b42-a301-4596-831c-af919660cc90&Preview=1 Date 12/2/2010 Company Name Betterment Mailing Address 853 Broadway New York, NY 10003 Company Description The company operates a website and service that enables users to make better investments. Website http://www.Betterment.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Series A Proceeds Purposes Funds from the round will be used … Continue reading “Betterment Receives $3,000,000 Series A Round”
Awarepoint Raises $9M, Names New CEO to Crack Hospital Market for Real-Time Tracking
This is “Day 3” on the job for Jay Deady, who was named as the new president and CEO today at San Diego-based Awarepoint, which uses wireless mesh networking and RFID technology to track just about anything that moves inside a hospital, clinic, or medical center. I figured that’s plenty of time for the new … Continue reading “Awarepoint Raises $9M, Names New CEO to Crack Hospital Market for Real-Time Tracking”
UW Sues GE, Accusing Industrial Giant of Infringing Patent on Ultrasound Technology
[Updated: 4:05 pm] The University of Washington has filed a federal lawsuit against General Electric, in which the university is accusing the industrial giant of infringing on patented technology that is helping GE make major strides in the market for next-generation diagnostic ultrasound machines. UW filed its complaint against GE (NYSE: [[ticker:GE]]) earlier this week … Continue reading “UW Sues GE, Accusing Industrial Giant of Infringing Patent on Ultrasound Technology”
Healthcare Seminar: Using Technology to Improve Care while Right-sizing Costs, via Better Analytics
This Mass Technology Leadership Council-hosted event will focus on those who are working to analyze and apply data in the healthcare sphere as a way to keep costs down. The Massachusetts eHealth Collaborative and Medventive are among the organizations that will be represented on the panel. Register here.
Glaxo Ends Resveratrol Drug Study
London-based GlaxoSmithKline has terminated a mid-stage clinical trial of SRT501 in patients with advanced multiple myeloma, the company said in a statement e-mailed to Xconomy today. The firm acquired the drug, a formulation of resveratrol, in its $720 million buyout of Cambridge, MA-based Sirtris Pharmaceuticals in 2008. Sirtris has captured wide media attention because of … Continue reading “Glaxo Ends Resveratrol Drug Study”
BioPartnering North America: Vancouver BC
BioPartnering North America, the big annual gathering for biotech dealmakers in Vancouver, BC, is being held this year Feb. 27 to March 1. For more information on how to register, click here.
Life Science Innovation Northwest 2011: Featuring Jim Greenwood, Steve Burrill
Life Science Innovation Northwest, one of the biggest events of the year for the Washington Biotechnology & Biomedical Association, is being held on March 2-3 at the Washington State Convention Center in Seattle. This year’s event will feature keynote presentations from Jim Greenwood, the president of the Biotechnology Industry Organization, and Steve Burrill, the biotech … Continue reading “Life Science Innovation Northwest 2011: Featuring Jim Greenwood, Steve Burrill”
P4 Medicine: Why Seattle is Leading the Charge
The Washington Biotechnology & Biomedical Association is organizing an event on Jan. 19 titled “P4 Medicine: Why Seattle is Leading the Charge.” The program will focus on how cancer is the best example to date of personalized/genomic medicine. As part of this global topic, the program will illustrate how application of personalized medicine influences the … Continue reading “P4 Medicine: Why Seattle is Leading the Charge”
Rackitivity Raises $8M
Rackitivity, a Belgian startup that just opened its U.S. headquarters in Redwood City, CA, said today that it has raised $8 million in Series B funding. Partech International led the round, which was joined by Big Bang Ventures. Rackitivity makes power distribution units that help manage energy consumption in corporate data centers. It said in … Continue reading “Rackitivity Raises $8M”
Sempra Completes Largest U.S. Solar PV Plant
San Diego-based Sempra Energy (NYSE: [[ticker:SRE]]) says its Sempra Generation subsidiary has completed construction of its 48-megawatt Copper Mountain Solar facility, billed as the largest U.S. photovoltaic solar power plant. The 380-acre plant in Boulder City, NV, about 40 miles southeast of Las Vegas, generates enough electricity to power some 14,000 homes. Construction of the … Continue reading “Sempra Completes Largest U.S. Solar PV Plant”
Energy Grants go to San Diego’s On-Ramp Wireless, “Smart Grid” Companies in Washington and New England
San Diego’s On-Ramp Wireless says it is among five companies to get more than $19 million in federal grants to develop innovations that are expected to make the nation’s power grid cleaner and more efficient, reliable, resilient, and responsive. On-Ramp Wireless, which is among the companies presenting at Xconomy’s 5×5 event in Boston next Wednesday, … Continue reading “Energy Grants go to San Diego’s On-Ramp Wireless, “Smart Grid” Companies in Washington and New England”
Aveo Pharma to Get $25M from OSI
Cambridge, MA-based Aveo Pharmaceuticals (NASDAQ:[[ticker:AVEO]]) said today that it expects to receive $25 million in two equal payments because OSI Pharmaceuticals has exercised its option to internalize Aveo’s Human Response Platform for certain research of cancer treatments and patient biomarker selection. The Human Response Platform is Aveo’s technology for engineering animal models with genetic mutations … Continue reading “Aveo Pharma to Get $25M from OSI”
LineSider Bought By Cisco
San Jose, CA-based Cisco Systems (NASDAQ: [[ticker:CSCO]]) announced today that it plans to acquire Danvers, MA-based LineSider Technologies, a maker of network management software for applications in cloud computing. Networking giant Cisco did not reveal how much it paid for LineSider, but said that the startup’s technology will strengthen its services in the cloud computing space, … Continue reading “LineSider Bought By Cisco”
Thermo Fisher Buys Lomb
Thermo Fisher Scientific (NYSE:[[ticker:TMO]]), the Waltham, MA-based global provider of products and services for labs and other customers, has agreed to buy Lomb Scientific for an undisclosed sum, according to a press release. Lomb is a provider of lab chemicals, consumables, and instruments in Australia, New Zealand, and parts of Asia and the Middle East, … Continue reading “Thermo Fisher Buys Lomb”
Quanterix Adds Former Millipore CEO as Chair
Cambridge, MA-based Quanterix is announcing today that Martin Madaus, the former CEO of Billerica, MA-based Millipore, has joined the startup’s board as executive chairman. Millipore, a giant supplier of diagnostics and lab equipment to biotech companies, was acquired by Germany-based Merck KGaA for about $7 billion in July. By joining Quanterix, he’s getting on board … Continue reading “Quanterix Adds Former Millipore CEO as Chair”
Bob Metcalfe Joins 5X5 Lineup to Deliver Closing Commentary—and Say Goodbye to Boston
Xconomy is extremely pleased to announce that pundit, inventor, venture capital investor, and future professor Bob Metcalfe has joined the keynote lineup for 5X5: Five Cities, Five Big Tech Ideas, our forum in downtown Boston next Wednesday afternoon. Metcalfe, inventor of the Ethernet and (for just a few more weeks, read on) a general partner … Continue reading “Bob Metcalfe Joins 5X5 Lineup to Deliver Closing Commentary—and Say Goodbye to Boston”
Pearl Therapeutics, Fresh Off Big VC Round, Tops $3B Lung Drug in Head-to-Head Trial
Pearl Therapeutics bagged a whopping $69 million venture round last month, and now it’s pretty clear why. The Redwood City, CA-based biotech company is reporting clinical trial results today that show its inhalable drug for chronic obstructive pulmonary disease worked better than standard Tiotropium (Spiriva), a $3 billion annual seller for Pfizer and Boehringer Ingelheim. … Continue reading “Pearl Therapeutics, Fresh Off Big VC Round, Tops $3B Lung Drug in Head-to-Head Trial”
Mobile Sign Language Startup Not Tone-Deaf to Ann Arbor Area’s Promise
When Mobile Sign Language Systems won an Ann Arbor Spark business plan competition last summer, and as a result got incubator space and other services, the University of Michigan-spawned startup was able to survive a crucial year of development. “I don’t think that our business would have been moving in the direction it’s going if … Continue reading “Mobile Sign Language Startup Not Tone-Deaf to Ann Arbor Area’s Promise”
Ember, Rising to Profitability, Wants to Network the Smart Grid—and Home Security Systems
Ember is one of those companies that defies a quick explanation. For starters, it has been around for nine years. And if all goes well, 2010 will be its first profitable one. It has been a long climb for the Boston-based firm, which makes wireless networking technologies that help consumers and utility companies manage home … Continue reading “Ember, Rising to Profitability, Wants to Network the Smart Grid—and Home Security Systems”
Accelerator Reaches Out to East Coast to Find Latest Startup, Acylin Therapeutics
Accelerator, Seattle’s best known hotspot for hatching biotech startups, has found its latest idea for a new company on the East Coast. Most of Accelerator’s investments of the past have come from its West Coast network, but the youngest pup in the litter at the Seattle-based startup machine, Acylin Therapeutics, is based on the vision … Continue reading “Accelerator Reaches Out to East Coast to Find Latest Startup, Acylin Therapeutics”
Histogen Raises $10M for Regenerative Hair Growth, Other Treatments
San Diego’s Histogen, which saw a group of angel investors pull out of a deal in early 2009, is announcing today that it successfully closed a $10 million Series A round and already has opened a Series B venture round with commitments from some investors. The life sciences company, which is developing regenerative medicine treatments … Continue reading “Histogen Raises $10M for Regenerative Hair Growth, Other Treatments”
Cozi Inks Deals with AOL, Intel, to Reach More Families Trying to Manage Chaos of Daily Life
Big partnerships are often a key to success for startups. Especially one that plays in a crowded consumer tech sector like Cozi, which makes software for helping busy families manage their daily schedules, chores, and activities. The Seattle-based company is announcing some new deals today, ones that could have a substantial impact on its business. … Continue reading “Cozi Inks Deals with AOL, Intel, to Reach More Families Trying to Manage Chaos of Daily Life”
Heartland Reaps $20M, CloudBees Gathers $4M, Adimab Acquires $4M, & More Boston-Area Deals News
A number of New England tech and life sciences companies had deals to be thankful for this week. —CloudBees, a startup soon to be headquartered in Boston, raised $4 million in a Series A financing round led by Matrix Partners. Individual investors Marc Fleury and Bob Bickel also backed CloudBees, which is developing a cloud-based … Continue reading “Heartland Reaps $20M, CloudBees Gathers $4M, Adimab Acquires $4M, & More Boston-Area Deals News”
JumpTap Obtains New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3f880b10-0c93-48f5-ba3b-8f761053cdca&Preview=1 Date 12/1/2010 Company Name JumpTap Mailing Address 10 Canal Park 5th Floor Cambridge, MA 02141 Company Description JumpTap, Inc. provides wireless carriers with an end-to-end, carrier-branded mobile search solution that drives third-party revenue for mobile operators while providing a quick, easy and fun mobile search experience for subscribers. Website http://www.jumptap.com Transaction … Continue reading “JumpTap Obtains New Funding Round”
Adimab Garners $3,999,909 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5826f696-0974-47fa-938c-c1bc8d137441&Preview=1 Date 12/1/2010 Company Name Adimab Mailing Address 16 Cavendish Court Lebanon, NH 03766 Company Description Adimab–which stands for Antibody Discovery Maturation Biomanufacturing–is developing a platform that’s deliberately engineered to minimize and potentially eliminate third party royalties, offering a one-stop-service-shop to a select few Big Pharma partners. Website http://www.adimab.com Transaction Type Venture … Continue reading “Adimab Garners $3,999,909 New Financing Round”
Histogen Obtains $10,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=51216d5a-4fab-49af-a161-11ead962542b&Preview=1 Date 12/1/2010 Company Name Histogen Mailing Address 9855 Towne Centre Drive San Diego, CA 92121 Company Description Histogen, launched in 2007, seeks to redefine regenerative medicine by developing a series of high value products without the use of embryonic stem cells or animal products. Through Histogen’s proprietary bioreactors that mimic the … Continue reading “Histogen Obtains $10,000,000 Series A Round”
FindTheBest Secures Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=10ec46ef-4277-496e-a740-1cea4c824599&Preview=1 Date 12/1/2010 Company Name FindTheBest Mailing Address 509 E. Montecito St., Second Floor Santa Barbara, CA 93103 Company Description The company operates a comparison shopping search engine. Website http://www.findthebest.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor … Continue reading “FindTheBest Secures Series A Round”
FamilyFinds Receives $5,750,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2f7f340d-870a-4ceb-a53c-62d0a53ec14c&Preview=1 Date 12/1/2010 Company Name FamilyFinds Mailing Address 2118 Wilshire Blvd. Santa Monica, CA 90403 Company Description The company operates a website and service that allows families to find the best daily deals. Website http://www.familyfinds.com Transaction Type Venture Equity Transaction Amount $5,750,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not … Continue reading “FamilyFinds Receives $5,750,000 Series A Funding”
Appnomic Garners $2,500,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=98aec956-fbe4-4926-8e38-536cf84cdb9f&Preview=1 Date 12/1/2010 Company Name Appnomic Mailing Address 525 University Ave. Palo Alto, CA 94301 Company Description Appnomic Systems provides Application Aware IT Infrastructure Management solutions to large and growing enterprises. These solutions enable customers to manage their IT infrastructure efficiently while enhancing productivity. Website http://www.appnomic.com Transaction Type Venture Equity Transaction Amount … Continue reading “Appnomic Garners $2,500,000 Series B Financing Round”
Racktivity Secures $8,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa7ffaf7-06d7-4619-aeb9-a38fba115772&Preview=1 Date 12/1/2010 Company Name Racktivity Mailing Address 2100 Seaport Blvd. Redwood City, CA 94063 Company Description Racktivity was founded in 2008 to fulfil the need for more efficient management and control of infrastructure within the Datacenter. The Racktivity team has substantial experience in datacenters and hosting and is focused on delivering … Continue reading “Racktivity Secures $8,000,000 Series B Financing”
Rearden Commerce Acquires Ketera Technologies for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4cda068a-393b-4b8a-82da-8319395b2ab2&Preview=1 Date 12/1/2010 Company Name Ketera Technologies Mailing Address 3055 Olin Avenue San Jose, CA 95128 Company Description Ketera spend management solutions help companies cut purchasing costs, streamline procurement processes, achieve higher performance from suppliers and grow their business without the expense and overhead of traditional software applications. Website http://www.ketera.com Transaction Type … Continue reading “Rearden Commerce Acquires Ketera Technologies for Undisclosed Sum”
Groupon Acquires Ludic Labs for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3fd5890d-d6d1-475c-af34-98fae2c4be92&Preview=1 Date 12/1/2010 Company Name Ludic Labs Mailing Address 107 South B Street San Mateo, CA 94401 Company Description Ludic Labs is inventing a new generation of vibrant, mass-scale, social-media applications for internet and mobile devices. Website http://www.ludic-labs.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms … Continue reading “Groupon Acquires Ludic Labs for Undisclosed Sum”
MicroGreen Snags $2.7M
MicroGreen Polymers, the Arlington, WA-based developer of technology to recycle plastics into cheaper, environmentally friendly coffee cups among other things, has raised another $2.7 million out of a deal that could be worth as much as $3.75 million, according to a new filing with the Securities & Exchange Commission. This materials science company, which spun … Continue reading “MicroGreen Snags $2.7M”
Biotech’s Back in Seattle: Photo Gallery
Thanks to everyone who helped make “Biotech’s Back in Seattle,” the latest production of Xconomy Seattle, such a smash hit. We sold out this puppy, packing the house at PATH last night with more than 200 people for an evening of insightful conversation and lively networking. The featured speakers were a couple of Seattle’s top … Continue reading “Biotech’s Back in Seattle: Photo Gallery”
MIT Enterprise Forum Innovation Profile and Panel
The MIT Enterprise Forum of Cambridge often spotlights successful startups and innovative tech companies, and this month it is looking at Covidien, a healthcare company the separated from Tyco in 2007. CEO Richard Meelia will share some strategy behind his company’s growth, and an investor panel focused on the medtech field will follow. The group … Continue reading “MIT Enterprise Forum Innovation Profile and Panel”
Adimab Finds $4M More from Google and Other Investors
Lebanon, NH-based Adimab, which is developing a yeast-based human antibody discovery technology, has raised $4 million in a Series E funding round, CEO and co-founder Tillman Gerngross confirmed today. The financing was first revealed in a filing on the SEC website yesterday. Adimab raised the new funding round at a pre-money valuation of $520 million, … Continue reading “Adimab Finds $4M More from Google and Other Investors”
Drinks on Tap #7 Holiday Edition
There’s a purpose to these drinks, besides holiday celebration. This is a gathering of iPhone app developers, who meet up every few months to show off what they’re working on. Register here to mingle and unveil the cool holiday app you’ve been putting together.
See You at Tonight’s Michael Moritz Chat
The big day is here—it’s Xconomy’s first event in San Francisco, and we couldn’t ask for a better headliner than Sequoia Capital partner Michael Moritz, who’s been called the most powerful venture capitalist in Silicon Valley. The fun starts at 5:00 pm with an hour of networking at Kicklabs at 250 Brannan Street in San Francisco’s … Continue reading “See You at Tonight’s Michael Moritz Chat”
Yammer Collects $25M
Yammer, the San Francisco-based maker of a Twitter-like messaging and microblogging service for enterprises, announced today that it has closed a $25 million Series C financing round. U.S. Venture Partners was in the lead, and existing investors Emergence Capital, Charles River Ventures, and Founders Fund also participated. Mamoon Hamid, a partner at U.S. Venture Partners, … Continue reading “Yammer Collects $25M”
JMI Equity, Based in San Diego & Baltimore, Raises $875M for Seventh Fund
JMI Equity, the private equity firm that bears the initials of software magnate John Moores (Inc.), says it has closed its seventh investment fund after raising a total of $875 million. In a statement today, the firm says with the closing of JMI Equity VII, it has raised over $2.1 billion since it was founded … Continue reading “JMI Equity, Based in San Diego & Baltimore, Raises $875M for Seventh Fund”